Annual Inflation Rises To 6.4% In OECD Area
Date
10/4/2023 12:17:01 AM
(MENAFN- AzerNews) The annual inflation rate rose to 6.4% in August in the
Organization for the Economic Cooperation and Development (OECD)
region, up from 5.9% in July, as the year-on-year decline in energy
prices slowed, the international group said on Tuesday, Azernews reports, citing Anadolu Agency.
The annual inflation increased in 14 OECD countries in August,
while nine of them recorded rises of 0.5 percentage points or more,
including Türkiye, which saw an increase of around 10 percentage
points, according to the OECD.
Energy inflation was negative year-on-year in 22 of 38 OECD
countries in total, while food inflation continued to decline but
at a slower pace than in previous months, staying at 8.8% in August
after 9.2% in July.
"Inflation less food and energy (core inflation) was broadly
stable, at 6.8% in August," the OECD added.
The annual inflation rate was at 4.2% in the Group of Seven in
August after 3.9% in July; 5.2% in the euro area after 5.3%; and
6.3% in the Group of 20 after 5.8%, the organization said.
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